Allen (pictured right) is chief executive of Yorkshire Building Society and Domanski (pictured left) is chief executive of No1 CopperPot Credit Union.

Both will work alongside the BSA chair Simon Taylor, chief executive Sarah Harrison, and the wider BSA Council.

The BSA says the decision to appoint two deputy chairs reflects the growing scale and influence of the mutual sector and the increasing ambition of the BSA at a time of significant change.

Commenting on the appointments, Taylor says: “I’m delighted that Susan and Caroline have accepted the roles of Deputy Chair and I’m very much looking forward to working with them. Both bring a wealth of knowledge, experience and leadership skills that will be invaluable in these roles.”

“The government’s ambition to double the size of the mutual and co-operative sector gives us a strong mandate to be at the forefront of change, delivering practical, innovative solutions to housing, savings and financial resilience.”

“To make the most of this opportunity we need strong visibility, open dialogue and close collaboration with government, regulators and policymakers.”

“With Susan and Caroline as Deputy Chairs we bring greater capacity, a broader range of skills and experience and stronger representation of our credit union members. This enhanced leadership structure will support the BSA in championing mutuals as a vital part of the UK’s financial services sector, now and into the future.”